Servicing

DRI Management Systems has released a new portal to the DRI Office default servicing management platform aimed at providing better communication between real estate brokers and servicer asset managers in real estate owned property dispositions.

Two congressmen from high cost housing states have introduced legislation to extend the maximum $729,750 loan limit on government-backed loans for another two years.

Two Harbors Investment Corp., a REIT with jumbo plans and an additional equity offering in the works, was one of the most actively traded stocks on the NYSE Friday afternoon.

Citigroup's North American residential mortgage business seems to be treading water in terms of originations and servicing.

Zillow increased the expected price for common stock in its initial public offering to $16-$18, up from last week’s estimate of $12-$14, according to a new filing with the Securities and Exchange Commission.

Forget the industry’s troubles with adapting to and managing HAMP. It has become very apparent that the increasingly stringent audit process is the next cog in the wheel that will surely jam up mortgage servicing.

BSI Financial Services this week expanded its specialty servicing operations by reaching an agreement with ENTRA Default Solutions to use its system to provide non-judicial foreclosure services.

Government National Mortgage Association issuers sold $26.2 billion of mortgage-backed securities into the secondary market in June, up 3% from the previous month, according to new government figures.

Bank of America is exploring the idea of selling roughly $40 billion of mortgage servicing rights tied to Freddie Mac loans, according to servicing officials and investors who have been briefed about the plan.

The bank-owned PNC Mortgage Thursday confirmed that it hired mortgage industry veteran E. Todd Chamberlain as its president and chief operating officer beginning August 8.